The Student Service Centre will process your application once all documents and forms are received. Your assessment results will be electronically posted to your portal account in the Message Centre. You will be advised by email when the information has been posted. Make sure you keep your email address up to date and that you review the emails you receive with subject “Important Student Loan Information”.
New! Effective April 3, 2018 , new applicants requiring a Master Student Financial Assistance Agreement (MSFAA) will be required to follow a two-step online process.
Documents You Will Receive
If your application is approved, the following information will be posted on your portal account:
1. Notice of Assessment
The notice of assessment letter will tell you:
- The type of funding that has been approved (loan and/or grant);
- The amount of money you will receive; and
- When you will receive your money.
2. Master Student Financial Assistance Agreement
The Master Student Financial Assistance Agreement (MSFAA) is a legally binding contract that outlines your responsibilities and the terms and conditions of accepting and repaying your provincial and federal student loans. The MSFAA is a multi-year agreement but only involves a one-time signature. If you are a new applicant, you must complete and sign a new MSFAA.
Effective April 3, 2018, new applicants requiring a MSFAA will be required to follow a two-step online process to:
- Confirm their identity and register their account with the National Student Loans Service Centre (NSLSC); and
- Complete their MSFAA online and accept the Terms and Conditions of the agreement.
New applicants will receive a 10-digit MSFAA number and instructions on how to complete the online agreement process, which requires you to register an account with the National Student Loans Service Centre (NSLSC). If you have already signed a paper MSFAA before April 3, 2018, you do not need to sign a new agreement unless you leave full-time study for two years or establish residency in a new province or territory.
To complete the online MSFAA process, a new applicant will need to have the following information:
- Your bank account information (Transit, Institution, and Account number);
- Your Social Insurance Number (SIN);
- Your 10-digit MSFAA Number; and
- Date of Birth.
New applicants must complete the new online MSFAA process to receive student loan and grant funding. If you have questions about the MSFAA process please visit the National Student Loans Service Centre (NSLSC).
If you are a new applicant that applied and was assessed before March 30, 2018, the paper-based MSFAA process must be followed, which includes printing and signing your MSFAA and then taking it to a designated Canada Post outlet where they will confirm your identification and forward your MSFAA to NSLSC.
Confirming Your Enrolment
When your MSFAA has been received by the NSLSC and before your student loan and grant funding can be released, your school must confirm you are enrolled in an eligible, full-time post-secondary program for the entire study period.
If you attend a school that offers electronic confirmation of enrolment, your school will automatically confirm your full-time enrolment with the NSLSC.
If you attend a school that does not have electronic confirmation of enrolment, a confirmation of enrolment form will be sent by mail. If your school is in Canada, the form is mailed to the school; if outside Canada, the form is mailed to you. You must take it to your school for them to complete and send to the NSLSC.
Your school may instruct the NSLSC to send all or part of your money directly to it to pay your tuition and mandatory fees.
When You Should Receive Your Money
After your MSFAA has been processed and your enrolment confirmed, your funds will be either deposited electronically into your bank account or forwarded to your school. The deposit usually occurs within seven to ten business days after enrolment is confirmed. Your assessment letter outlines the dates your financial assistance will be transferred.
The Saskatchewan portion of your Canada-Saskatchewan Integrated Student Loan will be paid in monthly instalments throughout your study period. You will not receive a monthly payment in your last month if your program ends before the 15th of the month. Take this into account when planning your budget.